The Abu Dhabi Investment Authority is close to buying 42 hotels managed by Marriott International (MAR) Inc. and controlled by the Royal Bank of Scotland, according to a person familiar with the situation.
The sovereign wealth fund, also known as ADIA, has been a preferred bidder since last summer and the sale includes hotels in London and Edinburgh, the person said, asking not to be identified because the deal hasn’t been made public...............................................Full Article: Source
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